Bpifrance SA Reduces Stock Holdings in Sequans Communications S.A. (NYSE:SQNS)

Bpifrance SA reduced its stake in Sequans Communications S.A. (NYSE:SQNS) by 60.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,320,006 shares of the semiconductor company’s stock after selling 1,980,012 shares during the quarter. Sequans Communications comprises 0.2% of Bpifrance SA’s holdings, making the stock its 3rd largest position. Bpifrance SA owned 5.28% of Sequans Communications worth $4,607,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Oddo BHF Asset Management Sas purchased a new stake in shares of Sequans Communications during the 3rd quarter valued at $3,451,000. 63.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Sequans Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th.

Sequans Communications Trading Up 4.8 %

SQNS stock opened at $2.62 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.36. The company has a market capitalization of $65.47 million, a PE ratio of 1.86 and a beta of 0.36. The company’s 50 day moving average price is $3.13 and its two-hundred day moving average price is $2.64. Sequans Communications S.A. has a one year low of $0.85 and a one year high of $7.30.

Sequans Communications (NYSE:SQNS) last released its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.01. Sequans Communications had a net margin of 138.26% and a return on equity of 403.46%. As a group, analysts predict that Sequans Communications S.A. will post 2.06 earnings per share for the current fiscal year.

Sequans Communications Company Profile

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.